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for reaction at how the markets were able to bounce back. >> apple beat estimates today with sales of iphone and ipad leading the way. >> wall street then reacted favorably. apple stock back over $400 a share. abc 7 news david louie outside headquarters. >> apple stock fell 18% as it saw growth. however smrks people saying apple is facing a growing image problem. >> the ipad continues to be the product keeping apple going. ceo tim cook told reporters he's very frustrated by the decline in his stock price. the secrecy could be one liability. speculation is rampant about what it's going to create next, an update or a game change nug product. because they don't want to buy something soon to be upgraded. it could create negative speculation. >> there is a lot of speculation about have they lost their edge? not able to bring new products to market anymore? >> consumers able to name other companies as innovateors. >> samsung right now, or google. >> google made a splash with its experimental glasses. and with self driving car. >> apple hardware is amazing but have you seen the google tab blet
of a hearing. what patients say they went through and why one man says therapy works for him. >>> apple is to its lowest level in two years. will it turn the rest of the market down with it. >>> one business's plan to offer endless drinks leads to controversy. >>> we are seeing mild temperatures outside this evening. 60s and low 70s outside. still a little breezy around the bay area. we will see less wind and more warming over the next few days as a summer preview comes to your seven day forecast. 80s for parts of the bay area. a look at that when we come right back. >>> an east bay woman is recovering after being shot in the head while sleeping in her house. police say the 24-year-old was asleep on the floor in her house. neighbors say they heard three blasts and saw shell casings on the front porch. >> based on the way the shooting occurred it does not appear that there was a random shooting into this house. it seems that the suspect was there to shoot somebody in the house. >> the woman's boyfriend says they don't live at the house but were staying there with family. the woman is in
will want to see how tarnished is apple's shine releasing the latest quarterly earnings and most expect disappointing results. apple's high flying stock has plunged from over $700 to $390. apple has not released any new products and sales are mediocre. the good news is that expectations are so low that apple could start to surprise wall street and begin the turn around. apple now is dealing with defective iphones. two chinese newspapers report that apple returned 8 mill -- eight million iphones to china. it is not cheer clear which models are affected but apple is not experiencing iphone short averages and they could cost the company $250 million. executives have admitted that the iphone is the most difficult device they have assembled. >> netflix starts positive with shares for the company surging yesterday following the announcement they signed up two million new subscribers the first quarter closing up 11 points to $174.237 a share because of additional they say of new original programming including "house of cards" and "arrested development." the c.e.o. says that the company could o
in the postseason for the first time in six years. >> an apple stunt dips to a low it has not seen in years. we will take a look in business news. >>> golden state locking up the sixth seed in the western conference. last night, all about steph curry setting a new single-season record for three-pointers made. that was number 270. he nailed that one in the second quarter. curry adds to his record. finishes the season with 272 baskets from beyond the arc. that kid really coming into his own this year. the warriors win that one. the denver nuggets. that's a look at the schedule for the first four games of the best of seven. game one, saturday in denver. the very first home game for the warriors is a week from tomorrow. tickets for the games at oracle arena go on sale saturday morning starting at 10:00 a.m. >>> 5:54. >> apple is no longer the apple of investors eyes. >> investors worried there is not much ahead for apple. good investors buy based on the future success of the company and sell on the future failures. we can make a conclusion that many feel that although apple is a strong company, the
. >> pam:then at 5-30. apple's unveils it's most recent earnings report. our tech reporter breaks them down for us. an possibly more importantly -- when we'll see some new gadgets. but first -- the men [ male announcer ] fact: the 100% electric nissan leaf... is more fun than ever. sees better than ever. ♪ charges faster. and will charge. cool. and heat. from your phone. fact: leaf never needs gas. ever. good for the world. built in america. now, leaf's an easier choice than ever. ♪ shop at ♪ we didn't have u-verse back in my day. you couldn't just... guys... there you are. you know you couldn't just pause a show in one room, then... where was i... you couldn't pause a show in one room then start playing it in another. and...i'm talking to myself... [ male announcer ] call to get u-verse tv for just $19 a month for 2 years with qualifying bundles. rethink possible. this is a list of the top schools in california. you can see the american indian public school comes in at numbers five. >> using credit cards associated with this cool, happ. school. >> as an art until pr
through san francisco shows construction out here with more details in a little bit. >> apple may no longer be number one in the eyes of investors. what they will look if when they release a key report today. >> concert goers get more than they bargain god and what caused a best light show ever for a music festival. first, here is the tech bytes. >> facebook is off to a slow start the first week the droid app was down loaded 500,000 times compared to droid app download add million times in just 24 hours. 3-d is coming to google earth when you can navigate the globe using hand gestures and a motion controller that goes on sallie mae -- on sallie mae 13. and xbox is teaming up with pizza up to allow you to pick topping and hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! ♪ wow. [ buzz ] delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? bee happy. bee healthy. with clusters of flakes and o's. oh, ho ho... it's the honey sweetness. i...i mean, you.
. states and cities could collect $22 billion in new tax. the big business storiry y is g to be apple. investors are in a bad mood. no matter what the quarterly numbers are, do watch for apple to be pessimistic about business going forward. a strategic move by apple to push expectations down ward. netflix is now bigger than hbo. more subscribers. also, for an extra fee, the company says it will allow four simultaneous streams in your house, four tv sets or computers or ipads or whatever, all watching different movies. netflix shares on a terror of 25% after hours. we expect $215 a share. remember, back before qwickster, much higher than that. >> it is in a positive direction? >> yes. >> they will take that compared to where they have been. thank you very much. 6:15 right now. >>> we can safely say the future of flight is upon us. a plane that needs only sunlight to fly is taking off in less than an hour for a little test flight across the bay area. >> you can see it. "today in the bay's" bob redell live at moffatt field. the pilots are there. they can only get one at a time. he will b
a share record territory for netflix. apple reports its earnings after the closing bell today. it's expected to show weakening from a year ago. poor iphone sales compared to ar earlier leading to what's expected to be about a 14% drop in profits. a lot of analysts ha downgraded the stock. it's rallied over the past couple of days just peeking back above $400. >>> google executive chairman eric schmidt told bbc radio this morning that google glasses will be out a year from now and admits in a it's going to require some new social he had get because there's technology in google glass that allows people to take pictures by winking and doing other things like that. he says obviously, there are situations where it won't be appropriate to record with google glass. a lot of privacy concerns with that. stocks off to a good start because of corporate earnings. dow up by 108. nasdaq up 25. s&p up 11. google shares up just slightly. frank and michelle, back to you. >> looking good. thank you, kcbs radio's financial reporter jason brooks. >>> a woman goa se when she tobacco a bathroom break a
19 points. and the s&p 500 was up seven. >>> apple returned millions of botched iphones to the manufacturer that built them. those returned phones are going to cost fox con. this isn't the first time apple has been unhappy with their work. >>> salt lake city, utah, is becoming a new hot spot for business. two major banks, san francisco- based wells fargo and new york- based goldman sachs will be holding their shareholders meeting in san francisco this week -- in salt lake city this week. they will all have shareholder meetings in salt lake. many have done so within the past two years. >>> animal control workers are warning residents in the lake tahoe area are warning visits about recent mountain lion sightings. last tuesday, a person saw a cat walking across the meadow and last thursday, a person walking his dog saw the mountain lion lying down in that same meadow. fortunately, the mountain lion did not approach either of those people. >>> at the beginning of this newscast, we talked with our chief meteorologist about temperatures hitting 90 degrees. bill, a lot of us ar
interesting than the iphone 5? >> don't expect apple to spill any secrets. a hit or two couldn't hurt. >> apple has been on a slow slide for weeks now. investors would like to get a little. a little something that seas we are still the innovative company that everybody loves so much. apple reports its profit on tuesday. they no doubt will report that they made suitcases full of cash. some small hint ahead could help the stock more than anything else. that appears to indicate apple has sent millions of iphone 5s back to the manufacturer. it appears, because i can't read chinese. that's what translations of the newspaper website says. the problems with the phones, mostly cosmetic. google chairman, eric schmitt, has written a book called the new digital age. it will reportedly include a count of his trip to north korea. orbital sciences launched a rocket over the weekend. they have a bit of an advantage. they have been making missiles for years. the rocket didn't go to the station. it was just a test. >>> jon and laura, over the weekend, i got a chance to host the tech challenge award wh
users of our programs and services. and i want to say the last special thank you to the folks from apple-liscious. this thing is awesome. this past year, the trust for public land which is a national parks organization determined that san francisco, which has 4,000 acres of open space and over 220 parks, over 15% of the city's land is open space. the trust for public land said we have the best urban park system in america. and the challenge for us is making sure that all of our park users understand all of the wonderful things in our park system and know how to use our parks to tailor to their own specific experience. as diverse as this city is, there are hundreds if not thousands of different ways that people like to use and enjoy our parks. and in this app there is information about our parks, about our play grounds, about our ball fields, about our trails, about our community gardens, about the 300 pieces of public art in our jurisdiction. you can reserve a picnic bench. there's a running feed of news and events. you can volunteer in our park system by using this app. you can donate t
this company a lot. truth be told it's not a very big company compared to apple or google, it's really interesting and its stock is quite volatile. apple shares on a slide for a week now. investors would like a little goose, something that says, yeah, we're still the innovative company everyone loves so much. apple reports its profits tuesday. they no doubt will report they made suitcases full of cash. a small hint of something ahead. some sort of idea as to what apple might have in the pipeline could help that stock more than anything else. back to you. >> all right, scott. thank you very much. meteorologist krchristina loren has the day off. i hope she's enjoying sunshine. >> take you to san jose. the sky didn't change at all. live camera to live camera. areas south of san jose will probably climb into the low- to mid-90s by 3:00 and 4:00 this afternoon. already now near 80 degrees, fairfield, concord, livermore, pleasanton, san francisco 67, 72 in oakland. notice the immediate coastline, areas south of santa cruz later on this afternoon, watching for low clouds to creep up the coast
may drag down apple's earnings reports and house of cards driving up net flix earnings. >> emily chang is live with today's of after the bell report. hi, emily. >> good afternoon. house of cards stacked the deck in net flix's favor. the the earnings report smashes forecasts with profits soaring. the streaming service added two million new customers due in partd to popularity of the political drama "house of cards". sticking with earnings. apple out with its quarterly report and the pressure is on. according to estimates apple's quarterly profits may fall thanks for slowing iphone sales adding further pain tt stock tumbling 25% this year. cbs is escalating it's fight with the internet tv start up ario buying a stake in rifle sync back letting tv stations stream programming online. stocks higher today, rebounding after the loss which was the worst weekly performance for s and p in five months. your bloomberg silicon valley led by yahoo and apple slayers. the white house releasing it's first videos on vine. the videos promote the white house science fair. at bloomberg studios in san franc
the last two trading days. only to rally late in the trading session close on the positive. apple will be releasing their quarterly earnings after the closing bell. >> netflix's decision to feature original programmingon o service appears to be pulling in more customers. they added 2 million users who subscribe to the video sharing service during the first three months of the year. the. was the highlighted by the early february debut of " house of cards, " a critically acclaimed series made exclusively for a netflix. the subscriber growth help them bonds back from a loss at the same time last year and generate revenue slightly above the projections. >> the nation's biggest banks are rolling out the next generation of atms. the latest models including features like video chatting and a live teller. bake of america's new teller assist machines, for example, allowed a customer to swiped a debit or credit card, driver's license or photo id for authentication. then a live teller, physically based in delaware or florida pops up on the screen to assist the user. the bank says the machine
an important week for apple, california's most valuable company must prove it still deserves the title. not long ago, we were referring to the tech giant as america's most valuable company. >> america, not anymore. apple has fallen way beyond exxon in overall market capitalization. pressure growing on ceo tim cook to say something, do something, excite the apple faithful and share holders. show we have got something up his sleeve more than just an incrementally better iphone. apple reports its profits tomorrow and has a telephone conference with reporters and analysts. tomorrow, eric schmitt's new book comes out. the former ceo of google teamed up with jarrod cohen to write about the digital age from his trip to north korea. it will be in bookstores tomorrow. let's check the markets with courtney reagan. good morning. >>> hi. good morning to you, scott. futures are higher as the markets come down. the dow posted its biggest weekly decline in nearly a year. you mentioned apple. softer demands today iphone and ipad. ibl lo ibm lost 8% on friday. we will get earnings on existing home sale
for details. you may able to buy a low cost cell phone from apple. in a business analyst are correct a lot of you will be buying. apple could sell 75 million low cost flowns last year, however, has in the confirmed it plans to do this. and in the meantime a bill banning techting in california has passed the assembly transportation committee and would undo legislation passed last year that allowed hands free texting. saying newest information is that it's just as distracting as regular texting we'll follow this as it works it way through. >> there you go. >> breezy still out there. >> it s we did see temperatures coming up a few degrees because of the lighter winds if you will. here in the bay area, we're not seeing any moisture but we're seeing light showers possibility in this area throughout the next couple hours until sun goes down, frost advisory going up tonight at 11:00 p.m. running until a.m. tomorrow. so you can see showers starting to taper a little bit. i want to show you a view from our tv you can see it's cloudy right now this evening, drier forecast. 68 in oakland. highs into
. >> hi, richard. apple reports earnings today. with the stock dropping below $400 a share after peaking above 700 in september, you know it's the talk of wall street. apple still selling a record number of iphones and ipads, but growth is dropping amid competition. the fed gets seven big banks to rein in bonuses for executives who meet or exceed performance targets. "the wall street journal" reports regulars have been concerned since the financial crisis about ties between high pay and the amount of risk that banks are taking. >>> well, now you never have to get off the couch. pizza hut and microsoft are launching a new app that lets people order food via xbox live. richard, back to you. >> now i'm kind of hungry. thanks, courtney. >>> other action on the street. netflix shares skyrocketing 24% in after-hours trading. and that's thanks in part to new streaming original content. the company announced a new family plan as well to let four users stream at once for just $11.99 a month. senators voted overwhelmingly in favor of debating legislation to help states force online retailers to co
. and the dow jones ended the day ended higher. >> a big day for wall street for a pair of companies. apple stock ended the day mer than $406 a share, increase of nearly 7.5 points. their estimation stock has fallen and we'll find out why. >> and net flix shares jumped to close above $200 a share. analysts say ilts because net flix is adding new subscribers. >> police hope a witness will come forward to help them catch a vandal that covered a car with racist graffiti. a woman discovered her bmw had been vandalized at her home on 56th street. td victim has no idea why anyone would target her or the car owe i view this as a hate crime and feel safety is being threatened and someone would be so bold to do this in my driveway what else would they do? >> a man has been arrested for trying to break into a building governor brown lives in. a few days ago the man jumped down on to a balcony and police arrested him. brown says the apartment was not the target. he does not believe the burglar knew he lived in the building. >> san francisco city attorney suspects an answer by the end of the week about
is apple. for more on that and the rest of our news before the bell, we turn to courtney reagan live at cnbc world headquarters. >>> good morning. futures are lower. that's after the market posted modest gains on monday. we will get data on new home sales and a ton of earnings. the dow rising 19 points. the nasdaq up 27 to 3233. apple reports earnings this afternoon with the stock in free-fall dropping about he low $400 after peaking above 400. analysts expect profits to shrink for the first time in a decade. police still selling a record number of iphones and pads. >> back to you. we'll see how they fair. thank you, courtney. christina loren has the day off. that means rob mayeda is in. i had the windows down. almost 70 right now. in napa and santa rosa. we have fog in parts of the coast. one of the stranger weather mornings you will see around the bay area. san francisco, we have north winds working into san francisco right now. you can see, it is 54 degrees. san francisco over toward oakland and san jose. look at the temperatures inland. 69, livermore, 68, santa rosa and napa. win
numbers fm 's financial re >>> apple shares haven't been so low in more than a year. we get the latest numbers from kcbs radio's financial reporter jason brooks. good morning. >> reporter: good morning, anne. good morning, frank. a rough day for apple yesterday as stock got bruised and a number of analysts downgraded them before its earnings report next week along with a key supplier of audio chips cirrus logic warning its report was going to be bad and apple is cirrus logic's biggest customer so that meant another downbeat note for apple. stock fell 5.5% below $400 a share for the first time since 2011. stocks lower this morning by .5%. hanging just above $400 a share. the tech sector overall under a lot of pressure,er, not looking great to start -- earnings not looking great to start the quarter. google reports after the close. ebay reported yesterday. ist profit was good at $677 million even though revenue grew. it missed on expectations and ebay shares are falling 5.5% in the early going this rnmog. on the economicfront, the labor department reporting that first time weekly unempl
pont, travelers, delta airlines and us airways all shaping the market. apple in focus as it reports results amid a free-fall in the stocks in recent weeks. shares have dropped 43% considering the all-time high above $700 a share in september as investors worry about soft demand for iphones and ipads. the nasdaq up 27 to 3233. back to you. >> courtney, thank you. >>> 5:15. space ex has tested its grass hopper rocket flying higher than it ever has. grass hopper is the technology that helps rocket parts return to earth. this isn't running backwards. this is the rocket descending. that's johnny cash in the background, ring of fire. the rocket uses a ring of fire. watch it land. this is absolutely extraordinary. touch down right where it started. this would be the first stage of the rocket to get to space. after its job is done, it flies home. it goes back to the launch pad. the video from up high shot by a drone by the way. so i think we can say it is a winner. >> it is amazing the things he has. >> backwards flying rocket. his drones, his -- thank goodness he is a good guy. >> he has a big, old bra
aproechd proven the weekend and warming temperatures on through. >> doom and gloom for apple. what pushed the tech titan stock to its lowest level. (sir can-a-lot) good day, ma' lady. i am sir can-a-lot, here to save you from another breakfast bore. wake up those eggs with glorious spam! (male announcer) break the monotony. visit >>> no longer the king of the mountain, apple plunging today to levels we haven't seen in two years. new supply concerns dropped shares of apple stock by 5.5%, falling below $400 a share for the first time since 2011. the cupertino-based company did not comment on the stock dropch the company will release quarterly earnings next tuesday. american airlines has resumed most of its flights tuesday following yesterday's massive technology failure that forced the nation's third largest carrier to ground all domestic flights. 970 flights were cancelled, and 1,000 more were delayed. >> in health matters, could your hair give your doctors an idea about the risk for heart disease. a study out of the netherlands says yes. they looked at samples from senior citize
next apple stock takes a new plunge. >> 16 month low today. find out why, stay w >>> if you're an apple shareholder, the stock took another steep plunge today, now $300 down. so why is this happen something some believe it was way overpriced to begin with and what's happening is a natural reduction in value. others feel the tech market is changing and apple slow to change witness. >> they're good at coming up with innovation. so i won't give up on them. >> many consumers are waiting for next products including a state of the art television. >> l l.the rest of wall street took a sharp downward today. reports triggered a plunge on the dow. that is an improvement. after investing nearly $2 billion the british parent company has admitted defeat. the company put the 200 stores in california, arizona and nevada up for sale. bank of america today say it will pay $500 million we resolve revenues off by 8%, google has begun delivering glass, the visor like computer that responds to eye commands. it come was warnings the possibility of eye strain and you shouldn't go scuba diving wearing glass. >
like the coolest day for the upcoming weekend. >>> i am looking at the very latest reading for apple and right now they are up about a dollar or almost $2 per share. analysts are expected to hear quarterly margins and they say lower margins are on the iphone 5, apple has lost some of its luster and apple is down from its all-time high in september. google could bring you more information and google is the service that tries to answer questions before the user even asks them. for example it could give you a heads up on your usual route home from work and adding it now, it could affect the area and it could be an option they could turn on and off. >>> time now 651, a historic post office in downtown berkeley, why it will not be a post office while they decide to sell the building. >>> traffic looks good heading off to the high-rise and we will tell you more about the morning commute. is it wrong to buy an entire outfit to match your mani-pedi? shop like a fashionista. not if you find something amazing for less than the price of it. save like a maxxinista. designer brands at t.j. prices
. >>> the big business story this afternoon is going to be apple, thatompany reports profits. investors are in a bad mood. no matter what the quarterly numbers are, do watch for apple to be pessimistic about business going forward. that would be a strategic move by apple to push expectations downward. netflix the other talker, that stock up better than 20% after turning in a much better than expected number and faster subscriber growth. in fact, netflix now has more subscribers than hbo. back to you. >> thanks, scott. >> i know you're always hungry like i am. this sounds real good right now. a new treat at carlos, jr., blending pop-tarts and ice cream. >> sounds like heaven. hand scooped pop-tart ice cream sandwich. >> what i'm talking about. >> tested at a few carl's j restaurant. that's a big drive. they did provide this picture of the new treat but hasn't said much else about it. it is what it is. >> i like that. it is what it is. i can skip the drive, go to a grocery store, a couple of pop-tarts, some ice cream and boom. >> when we were little, we did the waffles with the ice cream.
of melissa's segments on our website, >>> a lot is riding on apple's earnings report that is expected tomorrow. they have had a tough couple of weeks. kcbs radio's financial reporter jason brooks reports. >> reporter: it seems like it's been a long time now since apple stock was above $700, back in september when they had a streak. it's been struggling and fell below $400 last week for the first time since december 2011. the company reports its fiscal 2nd quarter earnings after the closing bell tomorrow. it's expected to report an 18% drop in profits from a year earlier which would be the first year-over-year drop in profit since 2003. lots of worries that iphoneand ipad sales are much weaker as a lot of consumers hold off the next product refresh from apple and a lot will be riding on that. and for the stock tomorrow. the one good thing is with so many analyst downgrades, any good news from apple could turn it around tomorrow. ebay is trying to leverage its user base in a vote in congress. the company started sending emails to its 40 million usingers this weekend try
pepsi and verizon. some of the other big companies. one stock we are keeping an eye on is apple. and i just want to pull up the very latest quote on that. apple stock is down $8.5 a share. about 2%. it's now below 400 $400 a share. $394 is where that is. apple stock down 42% from all time high of $705 last september. one money manager says apple could fall into the 300s in the coming weeks. it is now at $394 right now. we'll keep an eye on apple stock. >>> oakland is proposing a budget for the next two fiscal years that calls for spending. the budget proposal also includes two more police academies. however, the city will still need to eliminate 80 positions. the deadline for a new budget is june 30th. the public will be able to weigh in before that deadline. >> time now 7:45. firefighters are investigating an overnight fire that gutted a house in san leandro. started on deal avenue and dowling boulevard. no one was living there. neighbors made sure people living nearby got away safely. >> everybody called from one house to the next. and couple people knocked on everybody's doors. we a
are shut down. >> thank you. cupertino based apple is losing its shine. the bloomberg business report is coming up. >> if diamonds are a girl's best friend this one is a bfs. >> she is america's favorite redhead, and we will have amazing reunion s so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. and less saturated fat? it's eb. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. >> we continue to follow breaking news in san francisco, live pictures of the market-street area around 3rd and 4th with streets shut down because of a suspicious package. they have given the area an all clear and they are slowly starting to on the streets if that area. the thing is, that is where the earthquake commemoration for th
$200 a share. it will be a good tuesday morning if you own netflix stock. >>> apple reporting its results tomorrow afternoon. today apple won a court decision ruling that apple did not violate a patent owned by rival google when it made the iphone. a big deal for twitter today about big money. the san francisco company signing a multi year deal said to be worth hundreds of millions of dollars. today the senate voting to move a bill forward that if passed would require sales tax to be collected on certain internet purchases. >>> the first look at google glass. it's the latest way of taking internet with you. we will show you what it can do tonight at 6:45. it is in the hands and over the eyes of a few people in the bay area and it is already getting a lot of attention. >> looking forward to seeing that story. >>> in the south bay a scare for a lot of shoppers. there were voluntary evacuations at valley fair mall this morning after a construction crew hit a gas line. a contractor hit the service line around 8:00 this morning. the line was properly marked. the leak was stopped by abo
of the theatre. and we're we've proven that we have the unveiling of the apple product and there's other events like the fleet week or sports focused event like the craft of fight of the hungry bowl, the 2013 cup and, of course, the america's cup this summer. and with all of your help in may of this year we'll be making the case that san francisco is the best city in america to host the super bowl sunday in 2013. but friends you know what still mother - i'm concerned that some folks are still not involved in this great city. i'm proud that working with the trades units and we have consistently meet and exceeding our goals of placing people on projects. thank you commissioner. last summer we provided more than 5 thousand summer jobs for young people in partnership with the united people in the bay. we also were involved in other events that will place the youth of this city in jobs. in fact, the first s f young people are graduating. in a disversus community not everyone wants to work in construction jobs. working with our workforce nonprofits like j v s and young community developers and we ne
with house of cards. >>> gal the lalaxys #4r is the 4 is the apple iphone's competitor. >>> the weight is final over for san francisco's exploratorium. the $300 million museum. opened its doors today. >> just like the old exploratorium, a ringing of the bell signifies the opening for the new one. >> the world famous exploratorium is back and better than before. >> i feel like the kid in a family who's just moved into san francisco and about to be shown his or her bedroom. >> you get really excited. >> officials along with city and state leaders attended the much anticipated grand reopening ceremony. >> they along with parents see the museum as a fun place to be, but a stepping stone to advance students in science. >> you don't want to be the best of the best; you want to be the only one that does what you do. >> and i think of that quote in the context of today. >> the building itself has six thousand solar panels to generate power. amazing views of the bay has more than 600 exhibits, both inside and out. >> and on top of the older exhibits, there's this very cool mirror where i'll giv
of an involvement in a scheme involving apple stock that cost his employer about $5 million. the trader, david miller of new york state, pleaded guilty to conspiracy and fraud charges. prosecutors say he took part in an unauthorized purchase of about $1 billion in apple stock. his attorney said he regrets his actions and the harm they caused. >>> federal investigators are levelling strong criticism at chevron for failing to replace ageing equipment at its richmond refinery before last summer's massive fire. u.s. chemical safety board investigators say the walls of the pipes that burst had thinned to about half the thickness of a dime. investigators say chevron repeatedly overlooked the problem and has a culture of, quote, waiting for things to break. investigators called for increased regulatory oversight pointing out cal osha conducted three inspections lasting only 150 hours in total in the six years before this fire. none of the inspections resulted in citations nor fines. >>> today is tax day and uncle sam expects to hear from you by midnight. either turn in those tax forms or file an exte
that compare against and we are not, so if we are going to compare apple to apples we are not talking about the commingle funds at all and what is that as a percentage and how much direct debt holdings do you have as an over all portfolio? >> $8.6 billion and these holdings represent 8.7 percent. >> the only comparison is that the index that we have to bench mark, the holdings of these two companies represents, let me get the number correctly. 13.2 of the index and so we are under weight in these companies verses the index and the bench mark index that we use to measure. >> what bench mark are you using? >> it is the msci, acwi. >> so, not russell or anything? >> no. >> any other subtext? >> yeah. a custom index. >> right. >> okay. so 8.7 percent of holdings and let me take a step back to thank supervisor avalos for this hearing as well as to agree with all of the comments about the fossil fuel companies and i could not support those statements any more. my questions are more around the responsibility of whether the retirement board should be doing this and the impacts on what this might be
a surprisingly weak march. apple hit its lowest point, falling to less than $400 yesterday. it bounced back slightly, closed at $430 per share. apple's stock is down 42% from $505 a share. one money management group says it could fall into the 300s. >> did you ever think you would say that in. >> i wish i bought it. >>> investigation into the boston marathon pointing, why cell video is more helpful that surveillance video, stay tuned. richard. >>> major will lead the -- mayor jean quan will lead the area despite the owner's team to move the team to san francisco. >>> well, last night's highlight in the win over portland, stefan curry broke the season shot record and made 273 points and will meet with denver colorado sunday afternoon. >>> candle stick park drew dozens of fans in the wake of the bombing. no major problems were reported. the game ended by the way in a scoreless tie. >>> a big part of the investigation into the bombing is analyzing surveillance and cell phone video. we spoke to video forensics experts to see what they were looking for and even if the images were not clear, high
of a yo-yo market. >> is there any hope for apple? >> do they need a new product? >> they may just need to bear a little more honest and more disclosure. google is talking about their phone and something needs to happen with apple and they need to talk about a new product. they usually start issuing new products for back-to-school perry ed it took them 17 months. i think the evaluation is important. one-third of their market is in cash. they have a bit capp and there the second biggest of the nation behind exxon mobile. they're just a cash flow mushing but they do not have products that we know obama but we know ey're coming out. >> we had morgan stanley, and pepsi with good earnings. >> a again, corporate america is still and press the but the second quarter may be the weakest of the year. we are waiting to the back half of the year, back to school. what we are seeing right now isetter. >> would check back with rod and black later with our winners and losers. >we would check back with a rob black later on with our winners and losers. >> we're in the upper part is for coastline. future
. as for your bloomberg silicon valley index it was lower on the weakness and shares of apple and ebay as mentioned. twitter introducing a music app letting music play songs that is currently available for apple users to down load. other companies trying to keep users on their sites for longer stretches, the name of the game. carolyn, larry >> thank you. >> maybe spring here but a massive rain storm is leaving behind a huge mess in parts of the mid west and plains. >> watch the car on the righthand side of the screen. this took place in chicago south deering neighborhood. one person was sent to the hospital. y he road buckled and car just caved in with pavement. other two cars were parked at the time >> thousands bng evacuated as heavy flooding prompted illinois governor to emergency.state of t seven inches of rain has fallen in 24 hours in one suburb of chicago workers used life rafts to rescue school children from a stranded bus. 600 flights have been delayed. >> nothing but sunshine heading into the weekend. >> we're looking at 90s showing up into the bay area by monday. we're g
percent of s&p 500 companies report and everyone will be talking about apple. >> de think tim cook is in trouble as ceo? >> it depends on what side of that trade you are on. apple's tim cook and the hot seat, maybe not. according to forbes this week took a job is in trouble. the iphone five will not be out this summer, maybe this fall. there are theories and rumors that fingerprints will be a big part of the foam. >> watching a net flicks, they are four and a half percent in early trading. >> they don't really care, they want to turn a profit. it is a pretty saturated plate.right now. we are watching more tv and with netflix time we are catching up with seasons. netflix is a great story. >> is the eighth issue when? is it too soon to tell? >> the delivery mechanism as key. you have to pay a premium dollar for content. the big players like universal, comcast they do not want to release all of their content to only one player. they went to give it to x box and net flicks. netflix is a great story, i would not be surprised if it was acquired by someone who was bigger. >> now let's get
after the close of the market. apple's 2nd quarter earnings of $9.5 billion stronger than expected but that's actually an 18% drop from the same quarter last year marking apple's first year-over-year profit decline in a decade. >>> investigators are piecing together what led up to the boston marathon bombings. they are getting clues from the surviving suspect who is in fair condition. vinita nair with what the suspect is telling the investigators. some tough details today. >> reporter: that's right. the suspect is here at beth israel hospital where he is recovering from multiple gunshot wounds. you said the word clues. that's exactly what they are getting right now. it is very little in terms of the motive but today for the first time, we heard from the widow of the slain brother. a sign that read, we are boston strong, is now on the doors of boylston street apartment building that chris and lindsey returned to today. >> we are happy to be here. >> reporter: block by block, residents, business owners and workers were allowed back into the neighborhood the deadly bombings rocked eig
. >> this apple software can pick out specific people and large crowds. by detecting knows shapen the space between eyes. as of a person looking at all the videos, the technology could go through years of video in a matter of minutes. >> crime analyst our point to the pivotal role surveillance cameras play that identified the suspect in boston. and now, some san francisco is something about increasing the city's network of cameras. police chief greg suhr is one of them. he says it would help them better monitor events like the bay to breakers race. >> i would have to get someone a lot smarter than me an engineer if you will to look at what would be possible for us to a port everything into one location. and to be able to monitor major event. >> we live in the post see as i, mci has the television jurors want to see video and the dna. we do everything we do to get it for them. i do not think there is a person in this country did not watch the events of last week on fold and watch it on video. >> however, the aclu is word about how police might use the cameras and how long the department will
and a half. still ahead what's up with apple's slide? >> sad to see it go. >> tough times for "fresh & easy." why the grocery chain could close all its bay area stores. ,, ,, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. dollars today for the firste in a year and a half. shar >>> apple stock dipped below $400 today for the first time in a year and a half. shares fell from an all-time high in september of $705 to close at $402 this afternoon. earlier in the day, the price got as low as $398. stock plunged after an apple supplier said there's less demand for ipods and iphones. >>> "fresh & easy" is just a name but there's nothing easy about the grocery chain's financial future. about 18 stores in the bay area are one step closer to closing down. kpix 5's da lin on how the chain may have made a marketing mistake. [ beep beep ] >> reporter: it ha
were postmarked from memphis tennessee on apple aid. the white house says, staffers of a careful drill and haggling letters and no one was injured. >> the u.s. senate is blocked a proposal to expand background checks on gun sales. the plan failed to get the 60 votes needed to pass. sparking anger from president obama and is appointed from the parents of children were massacred last winter in new town, conn. the people with unspeakable green summoned the courage to petition their elected leaders. not just to honor the memory of their children but to protect the lives of all of our children. >> 90 percent of democrats in the senate voted for that idea. but it is not going to happen. >> congresswoman gabrielle gifford, was severely injured in violent--gun violence also stood by the president cited quotas been furious the measure did not pass and accused the opposing senators of cowardice. the final vote tally was 54 to 46 the proposal was part of a compromise struck by democratic and republican senator. it was a backed by the president, but faced fierce opposition from the national rifle
hashtag music through apple's app store. the company says a version will be available for the droid devices. >> still ahead, where you can catch a colorful mix of science and art come to light. >> all free, >> at 3:00 on katie, amazing reunions. on abc7 news at 4, a michigan principal was near the end of the boston marathon when the events exploded and the special event the school is planning. at 5:00, feel the effects of the government budget cuts? what is on tap for the unemployed in california, tonight at 5:00. >> we have been telling you of the opening of the new exploritorium on san francisco's waterfront. look at this spectacular laser light art show. that is so cool. crowds gathered outside the new exploritorium to watch the colors change. >> you like the time-lapse? >> it was projected from the roof of our building here at abc7 news and there was another free light show tonight at 8:30. >> you can get there early and check out the new exhibits and you do want to take public transportation. >> we are the special tv partner [dramatic music] ♪ [cheers and applause] >> hey, gu
apple is under 400 dollars, a lot of investors wondering how far it will fall. >>> oakland is proposing a budget for the next two fiscal years that calls for heavy spending on public safety, economic development and jobs. the proposal includes two more police academies but the city will need to eliminate 80 other positions. the deadline is june 30th. the public will be able to weigh in before that deadline. >>> the senate judiciary committee is set to hold hearings tomorrow and monday on a new immigration reform proposal formally filed yesterday sponsored by a group of senators known as the gang of 8. >> this who we are, the descendents of the homeless and the tired the poor the huddled masses yearning to breath free. >> the bill aims to secure the borders while crating an option for undocumented immigrants to become citizens, within the next month a bicycle barometer will be installed on san francisco's market street encouraging more people to ride their bikes and will go in on the southside between 9th and 10th and 7 and 1/2 feet tall and show the number of bicycles that will pass by.
on twitter as well as on the bands you follow. you can down load to your iphone or lap top through apple's app store. >> it could be handy. all right. education news. 63% of adults say the state does not spend enough money on public skpools a majority improve of the plan to increase funds tochool e gllearners and lower incom students.thel found support in giving schools more flexibility in how they spend state money. >> more than 14 thousand new freshman have been received to cal berkeley. a record high number of april politics were received this year. nearly 68,000. cal officials say class of an average gpa of 3.9 and a diverse background. 9,000 from california and women represent about 54% of the admitted students. >> san francisco new exploratorium offering nun yeek views on the water front. take a look at this laser light art show. so cool. crowds gathered to watch the figures change. the light show is project frtd roof here at abc 7. official tv partner of the exploratorium. there is another free light show tonight. you can see it's cool stuff. >> that is going to be on our web site
-- earnings. about a third of the companies, including apple and exxon are reporting earnings. the dow is up 27. the nasdaq is up over 1%, up 32. and spp up 8 -- and the s&p up 8. >>> gas prices continue to slip in san francisco and the bay area. san francisco has the highest prices in the continental u.s., averaging $4.06 a gallon. around the rest of the bay area, gas is about 12 cents cheaper. it's done from the week and the experts say we could be paying 20 cents less by the end of the month. >>> tonight on the news at 5:00 -- illegal dumping. the reason san francisco is going after the state of nevada. >>> thank you for trusting ktvu news. we're always on at and mobile
should be charged as adults in this case. marry an favro. >> apple investors got some good news this afternoon. the cupertino based company released its earnings report and it was better than expected. it sold more than 37 million iphones over the last three months i long with 19 million i pads. the company says it will increase the cash dividend it pays to shareholders. >>> it could soon cost you more money to shop online. the senate is debating a bill that would require large online retailors to charge state and local sale tax. it would require all companies making over a million dollars a year to charge sales tax on all out of state purchase. state governors have been lobbying for this and the traditional brick and mortar stores say it will level the playing field. san jose based ebay opposes the tax saying sellers would have to navigate 9,000 different local tax jurisdictions across the country. >>> curbing the rules on teen drivers, the new proposals for california. plus. >> piles of dry can i be l pulled off store shelves. what you need to know about the expanded pet food
. the markets come off a down week. the dow poestd it's biggest weekly decline in nearly a year. apple falling 9% last week as investors worried about softer demands for the iphone and the ipad. ibm lost 8% on friday. the biggest in eight years after disappointing earnings. >>> we will get status on existing home sales and earnings. the dow closed 14,457. while the nasdaq rose 39 points to 3,206. the u.s. government may be tightening its belt. it is having a minimal impact on businesses. the survey wants to know 80%, they lower government spending. higher taxes hasn't hurt their sales. profits are higher. this isn't translating into new jobs. only 22% of the companies say they have added workers in the past three months. back to you. >>> we are checking in with rob mayeda in for christina. bringing good weather with you. >> celebrating earth day. focusing on the sun. >> it is going to be warming up fast by lunchtime. i think what you'll find, around noon, temperatures in the mid to upper 80s. maybe some 90s on the map as early as 3:00 this afternoon. right now, 50s outside. you might be able to
something no other state has done to address that. >>> apple stock slipped to its lowest level in more than a year. some investors looking for a way out. >>> new at 6, if cell service went down, could you contact your family? the things that need to be in your disaster plan. >>> also, a taser incident at this school shocked parents. why it's the second time police have been called here this week. >>> and a bay area rapper killed. >> sceunt believe that someone would do that. >>> the emotional reaction to the accused killer's first appearance in court, tonight on ktvu channel 2 news at 6. >>> apple stock hit its lowest level in 18 months, after its chip provider indicated it might be slow in providing the chips. at the end of the trading day, the stock pounced back slightly to close at $402.80 a share, still a drop of more than $23 a share and a loss of about 5.5%. >>> also on wall street today, a weak earnings report sent stocks lower. the nasdaq dropped 59. the s&p 500 was down 22. >>> shoppers may soon have one fewer place to buy groceries. fresh and easy is closing all its stores in the
stocks led in the declines. for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new developments in the case of audrey pott. >> first, the latest on our breaking news out of texas. we've been monitoring a late briefing in the past few minutes. what we've learned about the deadly explosion at a fertilizer plant. >> and a ktvu crew has just arrived on the scene of that officer involved shooting in san francisco. we'll tell you what we know so far. [ male announcer ] enjoy delicious chicken made the way you say at subwa. with our oven roasted chicken, now a $3 six-inch select. make it your own with melty monterey cheddar or creamy ranch. and during april, the black forest ham i
, and technology stocks led in the declines. for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new developments in the case of audrey pott. >> first, the latest on our breaking news out of texas. we've been monitoring a late briefing in the past few minutes. what we've learned about the deadly explosion at a fertilizer plant. >>> more now on tonight's breaking news out of texas. where there has been a massive explosion in a fertilizer plant. initial reports indicate 60 to 70 people were killed, and more than 100 others injured. the explosion happened in the town of west. about 80 miles south of dallas. we heard from a texas member of public safety. he said the explosion and fire
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